GBPUSD 3/20/2023 - 3/24/2023: Small Shorts--> Big Longs!
Small Shorts --> Big Longs
- Expecting engineering of SSL . (Mon) - Sweep then move lower.(Tues) - 3%-10% on shorts. (Tues- Wed) - Mark out 4H -PDA created (Tues-Wed) - Use 4H -PDA as exits (Wed-Fri) - 3-15% on longs. (Wed- Fri )
Will be doing some public journaling this week. Good Luck!
Nota
Mapping of this weeks new events.
Trade attivo
Market seems to have other plans so ill be taking scalps(longs and shorts) around the news events until I get a better understanding of where price wants to go.
Trade chiuso: stop raggiunto
Stopped in profit before the move up but daily target reached.
Nota
Update To Weekly Bias**
Short on GBPUSD.
-We have traded into a daily -PDA leaving discounted +PDA untouched once again.
-I expect the high of the week to be either put in or validated by Wed FOMC release(2pm EST)
- Looking for a 10%-15% return on shorts this week. Targeting 4H -PDAs resting below SSL
Nota
-Doesn't look ready to drop just yet but price has showed a willingness to move away from the daily -OB on the LTF
-Willingness to move from 30m +OB could see the equal highs from yesterday traded through
-Im looking for a 15m BMS
- Got a small 5m BMS but still needs to retrace up(im looking for 15-30m BMS before entry)
Nota
Using 1.22700 as a LTF magnet on price to support my bullish bias. (The small 5m BMS in reference is bearish and came as a reaction from the daily -OB)
Expecting this 5m -OB to the disrespected but at least traded to.
Nota
3 things need to happen going into the 7am NYO for me to take this trade
Nota
After considering the time of day and the EQL place before 8:30 I decided to execute as we ran into the 15M FVG.
Will be using the 15m BMS I originally wanted as a chance to move stops in profit
Nota
Not falling for it again today lol retested entry but still respecting the FVG
Nota
2 +OBs disrespected along with the 15m FVG... The 5m +OB is our last hope at longs from here
Trade chiuso: stop raggiunto
Trade attivo
-Short on EU and SPX.
-Sadly GU didn't give an entry also these are my first trades of the year on these pairs.
-Stop in profit 1 pip on both!
Nota
50% off on SPX ran 1:5(90+ pip) so far
Nota
3/23/23 London Open Update:
-Euro stopped 1pip in profit.
-Waiting for a 5m BMS
-SPX still running
- Will be refocusing my attention to GU and AU for todays London open
Trade attivo
Short on GU
EU pending entry...
Nota
-Focusing on managing these positio for the rest of the week.
-Looking for the rest of the week's new events to drive us home....
Nota
positions*
Nota
news* lol
Nota
-Deeper retracements than expected on GU and SPX but both are still running.
-Hoping to see DXY gain some strength in the current LC Killzone(10am-12am)
Trade chiuso manualmente
Closed all positions.
Going into class and DXY isn't looking the best
Trade attivo
SPX SCALP 15pip SL . Last trade of the week tbh. This week has been weird and im wanting to avoid falling back into undisciplined habits.
Nota
-Stops moved in profit
-Trade is up about 30 pips
Nota
Might've gotten in good enough position to hold over night.
-Going to shoot for 1.27-1.618 fib ext.
Trade chiuso: obiettivo raggiunto
Forgot to adjust my TP on MT5 but TP smacked at 65 pips 1% : 4.2%
Should see lower prices now that the daily low was taken
Nota
Sorry but I had to lol last seriously
Trade chiuso: stop raggiunto
Stops hit in profit
Nota
Calling it a week there since I no longer have any positions open
Nota
News during London did not even attempt at balancing the 1H lmao I was looking to take entry from inside the 1H PDA(paper trades)
Nota
Made the charts my charts white... trying to be sexy lol nah jk
Nota
Made my charts white*
i wouldn't say this was a bad week... it was just different especially with forex pairs lol
Anyway... enjoy the weekend GU,EU,SPX, and DXY outlook coming Monday most likely after London Open
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